Compliance Analyst

Description

The Compliance Analyst must stay up to date on changes in financial laws and regulations. They must continually evaluate the bank on various regulatory requirements and that employees are in adherence with internal policies and procedures.

Compliance Analyst needs to have a solid statistical, analytical, and organizational background and should possess the ability to collaborate and build partnerships with multiple departments.

Essential Functions :

• Knowledge of Fair Lending.
• Knowledge of (Consumer Reinvestment Act) CRA
• Makes sure that the bank's policies and procedures are in line with all rules and regulations associated with mortgage and consumer lending and customer deposit.
• Research questions and gray areas regarding banking rules and regulations and ensures that the institution does not break any laws.
• Implements and manages new rules and regulations when they are passed by state or federal.
• Understands and enforces public interest and consumer protection laws.
• Works with the bank's Director of compliance Officer to make sure all policies and procedures are being followed precisely.
• Provides regular training for newly hired employees and other banking staff, particularly when any state or federal laws change.
• Initiates investigations, when possible, non-compliance takes place within the institution.
• Assist with internal, Federal, and State auditing
• Monitor and test the company's product and services to ensure compliance with federal and state laws.
• Document monitoring, testing, and auditing work performed as well as any findings.
• Conduct follow-up with co-workers to ensure any compliance issues are remedied in a timely manner
• Assist with ongoing review, revision and implementation of compliance policies, procedures, and practices
• Help with ongoing design, revision, and implementation of compliance monitoring protocols
• Assist with special investigations and targeted reviews as directed
• Performs other duties as assigned

Requirements

• Proficient in Trupoint / NContracts HMDA software
• Proficient in Microsoft applications and using V-lookup functions, pivot tables, and formulas in Excel
• Prior experience in the compliance and fair lending a financial institution
• Basic knowledge of statistics skills
• Strong written communication and business acumen as well as analytical skills
• Must be detail oriented, business functions, dealing with audits, and research
• Able to operate project management and financial analysis computer software.
14 days ago